The second half of FY24 is expected to bring some respite, thanks to the onset of the festive season and the 2023 Cricket World Cup. Chawla expects to see a gradual recovery in Zee and Sun TV s advertising revenue, as FMCG companies have started ramping up spending, while new-age companies remain under pressure
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Zee-Sony merger: Legal procedures may be the primary reason for the delay, experts said. The Tokyo-based conglomerate, which is Japan s fourth-biggest company by market value, didn t give specific reasons behind the delay in closing the transaction. Sony had earlier said it anticipated the merger to be concluded by September this year.